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Oil rally weighs on Indian bonds, value buyers limit fall

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Indian government bonds fell for a fourth straight session on Wednesday, as a sustained rally in oil prices clouded India's macro outlook, with bargain buying cushioning the slide.The benchmark 6.94% 2036 bond yield settled 1 basis point higher at 6.8012%, holding firm at its ?highest level since ?June ?24.Benchmark Brent crude rose 3.3% to a six-week high of $94 a barrel in Asian trade, as supply fears intensified.Oil rally weighs on Indian bonds, value buyers limit fallIndian government bonds experienced a fourth consecutive session of decline on Wednesday. Benchmark bond yields rose to their highest level since late June. Rising…

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